Nordic Resources Limited. · ASX:NNL
Nordic Resources — Nordic Nickel — IPO Roadshow (June 2022)
38 slides from Nordic Resources's IPO roadshow presentation, June 2022
Slide 1: ASX Listing Presentation
ASX Listing Presentation June 2022 ACN 647 455 105 NORDICNICKEL.COM
Slide 2: Important information
Important information Disclaimer and Forward Looking Statements The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform
Slide 3: Critical minerals at a critical time
Critical minerals at a critical time Demand for high Securing supply Finland is Central Lapland Nordic Nickel has purity, class 1 nickel in Europe of incentivising Greenstone Belt rights over sulphides expected battery minerals is battery minerals (CLGB) of Finland is 425km2 of to grow to a strategi
Slide 4: Nordic Nickel Limited
Nordic Nickel Limited NORDICNICKEL.COM | 4
Slide 5: Nickel sulphide assets in Europe
Nickel sulphide assets in Europe Highly prospective, drill ready exploration pipeline in Finland • Nordic Nickel Limited (ASX:NNL) has secured a district scale holding of previously explored and highly prospective nickel sulphide tenements in the world class Central Lapland Greenstone Belt (CLGB) of
Slide 6: Finland - Central Lapland Greenstone Belt
Finland - Central Lapland Greenstone Belt One of the most active geological districts in the world for nickel sulphide • One of largest Paleoproterozoic greenstone belts globally • Focus of much of the nickel exploration activity in Finland over the past 10 years. • CLGB is increasingly populated by
Slide 7: Projects
Projects Focused on highly prospective Central Lapland Greenstone Belt Pulju Nickel Project (100%) • Extensive, nickel-rich cumulate system. • Wide intersections of near surface disseminated nickel sulphides with high grade massive sulphides encountered. • Previous shallow drilling only. Maaninkijok
Slide 8: Experienced & dedicated Nordic Nickel team
Experienced & dedicated Nordic Nickel team Marcello Cardaci Todd Ross Robert Wrixon Juho Haverinen Aaron Bertolatti Non-Executive Chairman Managing Director & CEO Executive Director Non-Executive Director Company Secretary & CFO • Former partner of Gilbert & • Over 23 years’ experience in • Over 20
Slide 9: Key Partners in Finland
Key Partners in Finland In-country experts • Drill rigs in Finland are in exceptionally high demand. • Nordic Nickel has partnered with leading Finnish drilling Company Kati Drilling. • Secured exclusive use of new diamond drill rig for a 3-year period. • Ensures drilling can progress at the project
Slide 10: Capital Structure at IPO
Capital Structure at IPO NORDICNICKEL.COM | 10
Slide 11: Capital Structure at IPO
Capital Structure at IPO Clean structure with strong Shares on issue and Market Capitalisation investor and broker support Maximum (A$12M) The Company has raised A$12,000,000 at Offer price per share $0.25 A$0.25 for 48,000,000 shares. SHARES Shares currently on issue 67,225,006 Shares to be issued
Slide 12: Market Fundamentals
Market Fundamentals NORDICNICKEL.COM | 12
Slide 13: Compelling Market Fundamentals
Compelling Market Fundamentals Forecast strong growth in NiS demand driven by 3% 2% the energy transition 6% 2% 7% • Energy transition to decarbonise and reach net zero 2% 9% by 2050 leading to unprecedented demand for 71% 2% 2% battery metals. 5% • Electrification of transport sector expected to se
Slide 14: Europe a hub for Ni and Batteries
Europe a hub for Ni and Batteries Europe is the fastest growing >70 ~55 region for GWh/a GWh/a battery cell production 40 More than >270 GWh/a 1,000 GWh/a GWh/a capacity announced 65 GWh/a to 20301 ~125 GWh/a 10 Gigafactory commitments GWh/a in Nordic Region alone account for over 20% of planned bat
Slide 15: Nordic Region vital for Ni Matte and Ni Cathode
Nordic Region vital for Ni Matte and Ni Cathode Significant existing mining, refining and smelting capacity in Finland – Nickel Mines the region Company Mine Location Metals Ni-Cu-Zn- Terrafame Talvivaara Sotkamo Co Boliden Kevitsa Sodankylä Ni-Cu-Au Norway – Battery Production Capacity Finland – Re
Slide 16: National Battery Strategy of Finland
Finland All the ingredients across battery National Battery Strategy of Finland metals value chain • One of the first countries in the world to unveil a National Battery Strategy. • Prospective geology in all battery metals, world class infrastructure and a skilled labour force. • Stable and support
Slide 17: Pulju Project
Pulju Project NORDICNICKEL.COM | 17
Slide 18: Pulju Project
Pulju Project One granted EL, seven ELAs with large reservation area. Community engagement has commenced. • Widespread nickel sulphide mineralisation based on historic drilling, within a district scale land package. • Under-explored Central Lapland Greenstone Belt (CLGM) known to host world class ni
Slide 19: Pulju Regional Geology
Pulju Regional Geology • Mafic-ultramafic lithologies interpreted to be similar to the host rock at the Sakatti deposit. • Nickel occurrences throughout the belt - coincident with the ultramafic host rocks. • Nordic Nickel has rights over most of the greenstone belt at Pulju (395km2). • Primary focu
Slide 20: Pulju Regional Magnetics
Pulju Regional Magnetics • Nickel occurrences at Pulju are both coincident with the ultramafic lithologies and generally associated with magnetic highs. • Magnetic anomalies correlate to the ultramafic rocks and represent ~25km of continuous prospective strike along the Eastern Limb alone. • At Saka
Slide 21: Pulju - A Sakatti Analogue?
Pulju - A Sakatti Analogue? Similarites mean exploration strategies from Sakatti are applicable at Hotinvaara • Accumulations of disseminated nickel found near surface at both projects. • Massive sulphide intersections encountered amongst disseminated nickel. • NiS blebs observed to be increasing in
Slide 22: Pulju: Historic Drilling Locations
Pulju: Historic Drilling Locations Historic drilling within the Hotinvaara licence • Outokumpu drilled 51 holes between 1982 and 1998. • Focus was near surface nickel targets for open pit operations. • NNL has access to old core and pulps at Finnish National Core Archive. • Re-sampling and re-assayi
Slide 23: Pulju: Historic Drill Results from Hotinvaara
Pulju: Historic Drill Results from Hotinvaara Selected near surface Massive sulphide intersections* • Near surface disseminated nickel disseminated nickel intersections* sulphide mineralisation is widespread, 97m @ 0.33% Ni from 102m in HOV-007 0.26m @ 9.61% Ni, 0.17% Cu and 0.36% Co incl. 18m @ 0.7
Slide 24: Pulju: Drill traces with Ni assays over gravity
Pulju: Drill traces with Ni assays over gravity • Previous drilling focused on areas of lower gravity response (nickel mineralisation associated with serpentinisation in the shallow host rock). • Step out drilling along the gravity low channels has the potential to expand the near surface mineralisa
Slide 25: Pulju: Drill traces with Ni assays over magnetics
Pulju: Drill traces with Ni assays over magnetics • Higher grade nickel mineralisation has good correlation with the stronger magnetic highs. • Geophysics is a powerful tool at Pulju: the company is not drilling blind in the upcoming drill program. Source: Company ground magnetic survey; Company cor
Slide 26: Hotinvaara Cross Section and Conceptual Exploration Target
Hotinvaara Cross Section and Conceptual Exploration Target A conceptual Exploration Target for the Hotinvaara licence area has been compiled based on drilling to date additional infill and extensional drilling is required to confirm validity of this conceptual Exploration Target: • 150-180Mt @ 0.22-
Slide 27: Hotinvaara Borehole EM (BHEM) Results
Hotinvaara Borehole EM (BHEM) Results • 12-15 drillholes remain open for BHEM at Hotinvaara, only 3 surveyed to date, all in the Hotinsaajo area. • High conductance off-hole conductor (35m x 35m) located in front of HOV-40 at 155m depth • intersects the 5% Ni massive sulphide intersection in HOV-32.
Slide 28: Hotinvaara Fixed Loop EM (FLEM) Results
Hotinvaara Fixed Loop EM (FLEM) Results • Two large FLEM loops undertaken in December 2021. • Large deep-seated conductors observed at about 400m, 800m and 1500m depth. • Deepest historic drillhole (HOV040) reaches 550m vertical depth and was terminated still within the mineralized ultramafic cumula
Slide 29: Historic Drilling at Hotinvaara vs Sakatti long section
Historic Drilling at Hotinvaara vs Sakatti long section • At Sakatti, the main part of the deposit lies between 600-900m below surface. • Drilling at Hotinvaara has yet to test any deeper targets. • It is intended to drill at least two vertical stratigraphic holes early in the Pulju drill program to
Slide 30: Maaninkijoki (MJ3) Project
Maaninkijoki 3 (MJ3) Project NORDICNICKEL.COM | 30
Slide 31: Maaninkijoki Project
Maaninkijoki 3 Project 30km2 exploration licence application • NNL has an earn-in agreement over MJ3 to acquire up to 75% of project in two stages. • MJ3 is prospective for either intrusive hosted or komatiite hosted magmatic nickel sulphide mineralisation. • Proximity to Sakatti deposit, and the po
Slide 32: Maaninkijoki Project
Maaninkijoki 3 Project • MJ3 contained the highest copper and nickel anomalies in the region based on recent base- of-till geochemical sampling by Anglo American. • Region has mining and development activity: • Ni-Cu-Co-PGE mining operations at Kevitsa (Boliden) • Ni-Cu-Co-PGE development at Sakatti
Slide 33: Commitment to ESG and widespread community benefit
Commitment to ESG and widespread community benefit • Nickel, copper and cobalt are critical for decarbonising the economy through high end batteries for electric vehicles. To maximise net benefits, upstream exploration and production must also be managed as responsibly as possible. • Nordic Nickel i
Slide 34: 2022/2023 Plan
2022/2023 Plan NORDICNICKEL.COM | 34
Slide 35: Targeting Bonanza Massive Sulphides
Targeting Bonanza Massive Sulphides • Targeting both near surface and deeper massive sulphides. • High-grade massive and semi- massive nickel sulphide intersections found at relatively shallow depths are to be tracked using BHEM. • Deeper FLEM targets to be refined using lithological cross sections,
Slide 36: Expand Near Surface Resource
Expand Near Surface Resource • Targeting lateral and depth extensions to expand the existing near surface disseminated nickel sulphide resource. • Mineralisation is open in multiple directions. A near surface “Kevitsa-style” resource is targeted. • Extensions and additional targets of near surface n
Slide 37: Exploration Plan
Exploration Plan Using industry best- Spending A$6M-7M 2022 plan for Pulju summarized as follows: practice, enabled by on exploration drilling • Preliminary metallurgical (chemical and mineralogical) analysis early and transparent and geophysics at (AZTEC). community Pulju over the next • Maiden nea
Slide 38: Contact Information
Level 12, 197 St Georges Terrace Contact Information Perth, Western Australia 6000 Todd Ross info@nordicnickel.com Managing Director NORDICNICKEL.COM